Discuss and provide some examples of how a project manager can transfer risk on a project. Are

Question:

Discuss and provide some examples of how a project manager can transfer risk on a project. Are there any drawbacks to this response?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Project Management Achieving Competitive Advantage

ISBN: 9781292269146

5th Global Edition

Authors: Jeffrey K.Pinto

See More Books

Question Posted: Mar 18, 2024 06:42 AM

See More Questions

Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
Q1. You have identified a market opportunity for home media players that would cater for older members of the population. Many older people have difficulty in understanding the operating principles...
When faced with explaining tough decisions at work, some people like to say, "It's nothing personal." But that may not always be true. Personal ethics help us to navigate relationships in all facets...
Simplify the following expressions according to the commutative law: a. b. A B + A C + B A c. (L M N)(A B)(C D E)(M N L) d. F (K + R) + S V + W + V S + W + (R + K) F A.B + B.A + C.D.E + C.DE + E.T.D
Precision Equipment specializes in the manufacture of medical equipment, a field that has become increasingly competitive. Approximately 2 years ago, Pedro Mendez, president of Precision, decided to...
Organizations that recognize the need for project management processes without established practices are at which CMMI maturity level? a. Level 1 Initial b. Level 2 Managed c. Level 3 Defined d....
Refer to the information in QS 6-8 and assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. (Round per unit...
Handy Home sells windows and doors in the ratio of 8:2 (windows: doors). The selling price of each window is $200 and of each door is $500. The variable cost of a window is $125 and of a door is...
Based on the following information what was the balance of finished goods inventory? Ditect materials used in production $110,000 Direct labour costs for the year 55.000 Work in process, beginning...
Why is it important for the risk management report form to include who is directly responsible for the risk?
Discuss the advantages of using the risk breakdown structure as a tool to organize risks on a project.
In the Purchase Orders database, we need to find the order number and the supplier that made a purchase totaling $9,045. Write functions for a left table lookup to answer these queries.
Hogan Business Systems has a small number of sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During 2011 Hogan...
Bourret Inc. experienced the following events for the first two years of its operations. 2011: 1. Provided $\$ 60,000$ of services on account. 2. Provided $\$ 25,000$ of services and received...
A flowrate of lubricant oil is $5 \mathrm{~kg} / \mathrm{s}$ passing through a Venturi tube. The ratio of areas of the Venturi tube is $0.005 \mathrm{~m}^{2} /0.002 \mathrm{~m}^{2}$. The density...
Sketch on separate axes, in the interval 0 360, the graphs of: In each case show the coordinates of any maximum and minimum points, and of any points at which the curve meets the axes. a y = sec...
The wheel of radius $r=300 \mathrm{~mm}$ rolls to the right without slipping and has a velocity $v_{O}=3 \mathrm{~m} / \mathrm{s}$ of its center $O$. Calculate the velocity of point $A$ on...
1. Do you believe that Sams family is adequately prepared for the move to Japan? Why or why not? 2. Should the companys orientation program have included training for Sams family? 3. Is repatriation...
United Business Forms capital structure is as follows: Debt ............................................ 35% Preferred stock ........................... 15 Common equity .......................... 50...
Discuss the reasons for inviting the functional managers to a project launch meeting rather than their subordinates who may actually be doing the work.
What is the difference between the Resource column on the WBS (that would include personnel needed by the project) and the Assigned To column?
What limitation associated with traditional project management techniques like Gantt charts and precedence diagrams does the Design Matrix Structure overcome?
business law A partner may actively compete with the partnership True False
A company provided the following data: Selling price per unit $80 Variable cost per unit $45 Total fixed costs $490,000 How many units must be sold to earn a profit of $122,500?
Suppose a 10-year, 10%, semiannual coupon bond with a par value of $1,000 is currently selling for $1,365.20, producing a nominal yield to maturity of 7.5%. However, it can be called after 4 years...

Discuss and provide some examples of how a project manager can transfer risk on a project. Are

Question:

Step by Step Answer:

Transferring risk is a strategy used by project managers to shift the potential impact of a risk to another party While it doesnt eliminate the risk it can help mitigate its consequences or transfer r...View the full answer

Project Management Achieving Competitive Advantage

Students also viewed these Business questions